After a recent trip to London, veteran New York Post real estate journalist Steve Cuozzo wrote that London was “clobbering the Big Apple” with its regeneration and infrastructure delivery. And get this: he even marvelled at the “swift progress” of our major developments and the “relatively smooth and rancour-free” approval processes, compared with New York’s tortuous zoning system.
This was perhaps all the more remarkable given that much commentary and analysis leaves the impression that London — battered by Brexit, Covid, runaway inflation, interest rate hikes and a housing and productivity crisis — is fighting for its future on the global stage. Are critics correct to be pessimistic about London’s prospects or is Mr Cuozzo right?
